A growing number of small and mid-sized US food chains want to reduce ordering and delivery commissions as high as 30% charged by the big four third-party platforms – GrubHub, Uber Technologies Inc's Uber Eats, DoorDash Inc and Postmates Inc, industry sources say. — Reuters
NEW YORK: In a letter to investors before its share price plunged last week, online food delivery service GrubHub Inc cited its profitable ties with small and medium-sized restaurants, saying they generate 80% of the orders on its platform.
"This is a highly lucrative relationship for both parties," the letter said.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
